Bank of Montreal Pre-Stabilisation Notice - Bank of Montreal (9694I)
December 07 2022 - 12:07PM
UK Regulatory
TIDM94DW
RNS Number : 9694I
Bank of Montreal
07 December 2022
pre-Stabilisation Announcement
Not for distribution, directly or indirectly, in or into the
United States or any jurisdiction in which such distribution would
be unlawful.
Bank of Montreal
Pre-Stabilisation Notice
Bank of Montreal, London Branch (contact: Edward Mizuhara;
telephone: +44 20 7664 8062) hereby gives notice that the
Stabilising Manager named below may stabilise the offer of the
following securities in accordance with Commission Delegated
Regulation EU 2016/1052 of 8 March 2016 supplementing Regulation
(EU) No 596/2014 of the European Parliament and of the Council with
regard to regulatory technical standards for the conditions
applicable to stabilisation measures, in each case as it forms part
of retained EU law by virtue of the European Union (Withdrawal) Act
2018.
The securities:
Issuer: Bank of Montreal
--------------------------------------------------
Guarantor (if any): BMO Covered Bond Guarantor Limited Partnership
--------------------------------------------------
Aggregate nominal GBP 1,000,000,000
amount:
--------------------------------------------------
Description: GBP 1,000,000,000 floating rate covered bonds,
due 14 December 2026
--------------------------------------------------
Offer price: 100.00 per cent
--------------------------------------------------
Other offer terms: TBA
--------------------------------------------------
Stabilisation:
Stabilising Manager: Bank of Montreal, London Branch
--------------------------------------------------
Stabilisation period 7 December 2022
expected to start
on:
--------------------------------------------------
Stabilisation period 30 days after the proposed issue date of
expected to end no the securities
later than:
--------------------------------------------------
Existence, maximum The Stabilising Manager may over-allot the
size and conditions securities to the extent permitted in accordance
of use of over-allotment with applicable law.
facility:
--------------------------------------------------
In connection with the offer of the above securities, the
Stabilising Manager may over-allot the securities or effect
transactions with a view to supporting the market price of the
securities at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising
Manager will take any stabilisation action and any stabilisation
action, if begun, may be ended at any time. Any stabilisation
action or over-allotment shall be conducted in accordance with all
applicable laws and rules.
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any
jurisdiction.
This material was produced by Bank of Montreal, London Branch, a
firm authorised by the Prudential Regulation Authority and
regulated by The Financial Conduct Authority and the Prudential
Regulation Authority. This announcement and the offer of the
securities to which it relates are only addressed to and directed
at persons outside the United Kingdom and persons in the United
Kingdom who have professional experience in matters related to
investments or who are high net worth persons within article 12(5)
of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 and must not be acted on or relied on by
other persons in the United Kingdom.
In addition, if and to the extent that this announcement is
communicated in, or the offer of the securities to which it relates
is made in, any EEA Member State before the publication of a
prospectus in relation to the securities which has been approved by
the competent authority in that Member State in accordance with
Regulation (EU) 2017/1129 (the "Prospectus Regulation") (or which
has been approved by a competent authority in another Member State
and notified to the competent authority in that Member State in
accordance with the Prospectus Regulation), this announcement and
the offer are only addressed to and directed at persons in that
Member State who are qualified investors within the meaning of the
Prospectus Regulation (or who are other persons to whom the offer
may lawfully be addressed) and must not be acted on or relied on by
other persons in that Member State.
This announcement is not an offer of securities for sale into
the United States. The securities have not been, and will not be,
registered under the United States Securities Act of 1933 and may
not be offered or sold in the United States absent registration or
an exemption from registration. There will be no public offer of
securities in the United States.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
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END
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December 07, 2022 12:07 ET (17:07 GMT)
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